2025-city-of-oakland-acfr_final-123025.pdf

Program Revenue Net (Expense) Revenue and Changes in Net Position Component Unit Primary Government Functions/Programs Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Business-type Activities Total Port of Oakland Primary government: Governmental activities: General government $ 259,802 $ 14,367 $ 8,455 $ 7,672 $ (229,308) $ — $ (229,308) Public safety 586,880 27,056 11,278 — (548,546) — (548,546) Community and human services 106,941 7,274 84,100 — (15,567) — (15,567) Community and economic development 247,693 65,160 62,350 — (120,183) — (120,183) Public works and transportation 188,579 83,946 55,301 — (49,332) — (49,332) Interest on long-term debt 28,393 — — — (28,393) — (28,393) TOTAL GOVERNMENTAL ACTIVITIES 1,418,288 197,803 221,484 7,672 (991,329) — (991,329) Business-type activities: Sewer 63,467 75,933 — — — 12,466 12,466 Parks and recreation 871 1,036 — — — 165 165 TOTAL BUSINESS-TYPE ACTIVITIES 64,338 76,969 — — — 12,631 12,631 TOTAL PRIMARY GOVERNMENT $ 1,482,626 $ 274,772 $ 221,484 $ 7,672 (991,329) 12,631 (978,698) Component unit: Port of Oakland $ 438,441 $ 428,769 $ 2,691 $ 31,157 $ 24,176 General revenues: Property taxes 477,300 — 477,300 — State taxes (unrestricted intergovernmental revenues): Sales and use taxes 94,092 — 94,092 — Gas tax 23,690 — 23,690 — Motor vehicle in-lieu 683 — 683 — Local taxes (own source revenues): Business license 129,666 — 129,666 — Utility consumption 70,753 — 70,753 — Real estate transfer 93,220 — 93,220 — Transient occupancy 20,866 — 20,866 — Parking 22,362 — 22,362 — Voter-approved special tax 152,094 — 152,094 — Franchise 14,676 — 14,676 — Interest and investment income 72,979 5,028 78,007 70,853 Other 27,650 — 27,650 23,393 Transfers 1,271 (1,271) — — TOTAL GENERAL REVENUES AND TRANSFERS 1,201,302 3,757 1,205,059 94,246 Changes in net position 209,973 16,388 226,361 118,422 Net position - beginning, as previously reported 682,203 300,635 982,838 1,844,990 Change in accounting principle (11,548) — (11,548) — Cumulative effect of accounting change 199,903 — 199,903 — Net position - beginning, as restated 870,558 300,635 1,171,193 1,844,990 NET POSITION - ENDING $ 1,080,531 $ 317,023 $ 1,397,554 $ 1,963,412 City of Oakland Statement of Activities Year Ended June 30, 2025 (In thousands) The notes to the basic financial statements are an integral part of this statement. 24